Sarda Energy & Minerals Ltd.

•

seml.co.inBSE: 504614NSE: SARDAEN

Market Cap₹ 19,266 Cr.

Current Price

High / Low₹ 640 / 453

Stock P/E17.1

Book Value₹ 222

Price to Book2.44

Dividend Yield0.37 %

ROCE17.8 %

ROE15.6 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Power: 41.9% • Steel: 29.2% • Ferro: 28.9%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.8% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 20.9% CAGR over last 5 years
Operating margins have improved to 31.4% from 26.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)

CONS

Recurring exceptional / one-off items are inflating headline profit
Working capital days have increased from 167 to 220 days
Though reporting repeated profits, the company pays out little dividend (6.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	JSWSTEEL	1310.35	12.93	320440.06	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	188.55	21.33	235375.56	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	186.25	18.01	76931.03	1.26	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2607.95	29.79	68795.28	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	782.80	19.87	64535.57	0.51	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2167.50	48.97	60182.46	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1073.35	26.68	29960.62	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	RATNAMANI	2862.55	46.35	20064.19	0.35	107.03	-15.82	971.63	-15.63	18.01	16.69
9.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	SARDAEN	546.75	17.05	19266.45	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	253.20	21.14	17046.41	0.39	222.37	2.75	1750.47	32.29	20.20	19.36
12.	USHAMART	498.25	29.95	15183.77	0.75	142.04	40.90	1033.00	16.44	20.17	20.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,040	992	914	877	914	1,151	1,310	1,230	1,626	1,517	1,261	1,240	1,608
	837	759	737	737	666	821	950	968	1,016	1,016	965	906	1,102
Operating Profit	203	233	177	140	248	330	360	262	610	501	296	334	506
OPM %	19.51%	23.47%	19.33%	15.99%	27.16%	28.66%	27.46%	21.27%	37.50%	33.02%	23.47%	26.95%	31.48%
	83	24	32	42	75	56	-0	46	80	68	95	5	108
Interest	35	35	31	28	36	55	64	70	62	64	64	54	58
Depreciation	45	46	46	46	45	62	78	87	81	85	86	88	89
Profit before Tax	218	186	143	121	255	276	226	160	553	431	255	210	630
Tax %	19.99%	18.83%	25.03%	36.78%	23.67%	26.22%	16.77%	41.06%	23.52%	26.83%	27.89%	32.94%	24.11%
Net Profit	0	0	0	0	198	203	200	100	437	328	190	155	478
	4.85	3.99	3.32	2.68	5.64	5.55	5.60	3.07	12.33	9.17	5.40	4.48	13.00

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,434	2,174	2,324	2,000	2,199	3,914	4,212	3,868	4,643	5,690	5,626
	1,223	1,774	1,866	1,687	1,693	2,588	3,189	3,081	3,416	3,903	3,989
Operating Profit	211	400	458	313	505	1,326	1,023	787	1,226	1,787	1,637
OPM %	14.72%	18.39%	19.69%	15.64%	22.98%	33.89%	24.28%	20.34%	26.41%	31.41%	29.10%
	101	64	41	26	144	72	87	192	183	247	276
Interest	94	97	99	82	79	147	124	128	220	244	240
Depreciation	69	73	76	78	75	143	178	183	271	341	348
Profit before Tax	150	294	324	179	495	1,108	807	667	918	1,449	1,526
Tax %	15.45%	30.42%	35.99%	24.23%	23.21%	27.06%	25.01%	23.79%	25.78%	26.64%	26.73%
Net Profit	127	205	207	136	380	808	605	509	681	1,063	1,118
EPS	35.58	56.01	56.36	35.05	104.00	223.07	169.94	14.84	19.86	31.38	—
Dividend Payout %	10.93%	8.90%	8.87%	14.27%	7.21%	3.36%	8.78%	6.74%	7.55%	6.37%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 21%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 56%
5 Years:: 24%
3 Years:: 22%

STOCK PRICE CAGR

10 Years:: 41%
5 Years:: 50%
3 Years:: 32%
1 Year:: -8%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 19%
3 Years:: 14%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	36	36	36	36	36	36	35	35	35	35
Minority Interest	83	88	132	100	101	104	100	106	106	106
	1,321	1,540	1,707	1,834	2,182	2,968	3,375	3,853	6,251	7,335
	1,376	1,401	1,410	1,722	1,721	1,590	1,426	1,196	2,677	2,481
Trade Payables	111	131	181	214	205	212	135	173	194	172
	188	216	217	196	273	388	410	639	861	1,241
Total Liabilities	3,115	3,413	3,682	4,102	4,518	5,298	5,481	6,002	10,125	11,371
	1,138	1,310	1,297	1,271	1,234	2,806	2,861	2,815	5,809	6,064
Capital Work in Progress	788	775	1,054	1,365	1,616	132	131	250	720	463
	226	241	213	191	266	500	422	659	792	1,645
	343	411	440	501	579	613	726	528	809	794
	0	0	0	0	0	0	0	101	221	276
Cash & Bank	11	68	45	165	97	282	372	768	608	864
	610	608	633	610	727	965	969	881	1,166	1,263
Total Assets	3,115	3,413	3,682	4,102	4,518	5,298	5,481	6,002	10,125	11,371

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	193	363	594	400	272	1,176	931	742	886	1,735
Cash from Investing	-241	-156	-399	-415	-186	-466	-431	-423	-2,132	-1,166
Cash from Financing	63	-86	-106	199	-70	-331	-479	-223	1,200	-519
	-1	58	-24	120	-68	120	-208	96	-46	50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.16	73.16	73.16	73.16	73.16	73.16	73.16	73.16
	2.29	2.66	3.46	3.83	4.14	3.54	3.50	3.51
	4.27	4.35	3.79	3.81	2.87	2.93	3.32	3.47
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	20.29	19.83	19.59	19.21	19.83	20.38	20.01	19.85

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

General Updates

2026-09-04 - Sarda Energy & Minerals Limited has informed the Exchange about General Updates

2026-09-04

Credit Rating

2026-09-04 - Sarda Energy & Minerals Limited has informed the Exchange about Credit Rating

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Sarda Energy & Minerals Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Sarda Energy & Minerals Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Shareholders meeting

2026-08-31 - Sarda Energy & Minerals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-14

Resignation

2026-08-14 - Sarda Energy & Minerals Limited has informed the Exchange regarding Resignation of Mr. Arup Pal as Other of the company w.e.f. August 10, 2026.

2026-08-14

Resignation

2026-08-14 - Sarda Energy & Minerals Limited has informed the Exchange regarding Resignation of Mr. Arup Pal as Other of the company w.e.f. August 10, 2026.

2026-08-14

Resignation of Director/KMP/SMP

2026-08-14 - Sarda Energy & Minerals Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-14

Resignation of Director/KMP/SMP

2026-08-14 - Sarda Energy & Minerals Limited has informed the Exchange about Resignation of Director/KMP/SMP

News

Recent coverage and analyst commentary for SARDAEN

Loading news…

🤖

AI Stock Analyst

Sarda Energy & Minerals Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account